2019 W 157th Street, Gardena, CA 90249

$1,465,000
8
BD
5
BA
3,880
SqFt

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Sold Price
$1,465,000
List Price
$1,445,000
Closing Date
Jul 10, 2024
Status
CLOSED
MLS#
24387833
Year Built
1971
Bedrooms
8
Bathrooms
5
Living Sq. Ft
3,880
Lot Size
6,633
Acres
0.15
Days on Market
18
Property Type
Multifamily
Stories
Two Levels

Property Description

2019 West 157th St. is a compelling 4-plex investment opportunity in Central Gardena, featuring a desirable unit mix of 3bd/2.5ba, 2bd/1ba, 2bd/1ba, and 1bd/1ba units. This property offers numerous location advantages, including its convenient proximity to the I-110 and I-405 freeways, being one block north of a prime stretch of Redondo Beach Blvd, and nearby Target and countless amenities. The property features 4 units with outdoor space, on-site laundry, 5 carport spaces, and 3 attached garage units available. Currently, the building is 100% occupied with rents approximately 20% below market. There is significant investment potential, with opportunities to increase revenue by bringing rents up to market rates and expanding the property by adding Accessory Dwelling Units (ADUs), buyer to verify.

Additional Information

Appliances
Gas Cooktop, Microwave, Dryer, Washer
Interior Features
Ceiling Fan(s)
Attached Structure
Detached
Number Of Units Total
4

Listing courtesy of Listing Agent: Douglas Fillmore (doug@foundcre.com) from Listing Office: Found Real Estate, Inc..

Listing sold by Sammie Suda from Keller Williams South Bay

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.